ETH faces a $160M sell wall at $2,310–$2,340

Large-order tracking shows ETH is currently skewed toward sell-side liquidity. Pending large sell orders total about $160 million, with a net sell position of $58.45 million concentrated in the $2,310–$2,340 zone. A standout order worth roughly $16.39 million is posted at $2,340 and has remained in place for more than six hours, making this level a key area to watch. When sizable sell orders cluster across multiple venues, the intent is often to cap upside moves or distribute inventory, a setup that can produce a "push up, then pull back" price pattern. Monitor these orders for shifts, especially cancellations and fills. This information is for reference only and does not constitute investment advice.